TORONTO Nov 25 (Reuters) - A former executive of
SNC-Lavalin has been indicted in Switzerland on
allegations he laundered money in connection with $139 million
in payments by the company, according to CBC News and RTS, the
Swiss public broadcaster.

Riadh Ben Aissa, a former vice president, has been charged
with fraud, corruption and money laundering involving
transactions executed in North Africa, according to the report.

The Royal Canadian Mounted Police are working with Swiss
police on the investigation, according to the CBC, citing
unidentified police sources.

Swiss authorities have tracked funds that flowed from
SNC-Lavalin, Canada's largest engineering company, to Swiss bank
accounts. The accounts were registered to companies in the
British Virgin Islands, according to the report.

Ben Aissa was arrested in Switzerland last year on suspicion
of money laundering and corruption of public officials but had
not yet been formally charged.

SNC-Lavalin could not be immediately reached for a reaction
to the report.

The company, however, told the CBC it was not commenting.
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